NEW YORK, NY – May 9, 2018 – AI branding startup Tailor Brands announces today their $15.5M Series B funding round, bringing total investments in the company to $20.6M. The current round was led by Pitango Growth Fund and British Armat Group with participation from Disruptive Technologies L.P and Mangrove Capital Partners, both of whom led previous rounds for Tailor Brands.

The new round of funding will be used to expand Tailor Brand’s global presence, introduce new languages on the platform, launch new tools as part of the company’s full branding subscription, and support in strategic new hires.

Co-founded by CEO Yali Saar, CTO Nadav Shatz, and CDO Tom Lahat, Tailor Brands is the world’s first automated branding agency using AI to create all aspects of branding such as logos and copy writing to automating social presence for businesses. Servicing over 5 million businesses across the world, Tailor Brands utilizes their technology to teach robots how to design, and aims to democratize the creative industry by ensuring every business has the opportunity to stand out.

GROWTH METRICS

● Grew over 20x the amount of accounts created in the last year

● Onboarding over half a million new businesses using the platform every month

● Projections for amount of users:

○ 2017: 3.86M businesses

○ 2018: 12M businesses

● Total number of brands created on system: 45M

“Good branding can be a barrier for small businesses and we are using AI to solve the issue and